Paragon 28 (FNA) Expected to Announce Quarterly Earnings on Thursday

Paragon 28 (NYSE:FNA) is projected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $70.81 million for the quarter.

Paragon 28 Trading Down 0.3 %

NYSE FNA opened at $13.00 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The firm has a market cap of $1.09 billion, a PE ratio of -17.56 and a beta of 1.54. The company has a 50 day moving average price of $11.90 and a 200 day moving average price of $9.25. Paragon 28 has a 52 week low of $4.65 and a 52 week high of $13.13.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens restated an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC restated a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.20.

Insider Transactions at Paragon 28

In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.62, for a total value of $315,390.04. Following the sale, the insider now owns 10,313,841 shares in the company, valued at $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.32% of the company’s stock.

About Paragon 28

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.